Power of attorney

The power of attorney is a form for granting a right of representation — the content of the authorisation, its scope, period of validity and delegation. It suits representation at institutions, at a bank and in an apartment association.

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The form and the finished contract are in English.

The sample shows one of the possible wordings. When you fill in the form, you choose the option that suits your situation.

What is this contract?

With a power of attorney, the principal gives another person the right to represent them. Unlike everything else here, a power of attorney is not a contract: it is a unilateral document and it has only one signature — the principal's. The representative's consent is not asked and they do not sign anything. Two things are worth thinking through before filling it in: how broad the authorisation is, because a general power of attorney gives far more rights than a single specific act, and whether the representative may pass the authorisation on. An important limitation: some transactions — above all real estate transactions and the transfer of shares in a private limited company — require a notarially authenticated power of attorney, which a simple written power of attorney does not replace.

What the contract covers

  1. Principal
  2. Representative
  3. Content of the authorisation
  4. Scope of the authorisation
  5. Validity
  6. Delegation
  7. Exercise of the authorisation
  8. Revocation
  9. Warning about form requirements

Frequently asked questions

Does a power of attorney have to be notarised?

A simple written power of attorney is enough for many everyday acts. Real estate transactions and the transfer of shares in a company, however, require a notarially authenticated power of attorney.

Does the representative have to sign the power of attorney?

No. A power of attorney is a unilateral document and bears only the principal's signature.

Can a power of attorney be revoked?

Yes, at any time. The representative, and if necessary the institution where the power of attorney has been used, must be notified of the revocation.

Create this contract

The form and the finished contract are in English.

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